Banking

As smart watches and glasses proliferate, banking and payments via these devices will too, says Juniper Research.

Some startups have been criticized for charging high fees and interest rates, but online lenders argue that borrowers are willing to pay them for the sake of expediency.

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Banks have waited eagerly for years for interest rates to rise. Higher rates should lead to better profits for those banks that are well positioned. Others that got impatient and reached for yield with risky investments could be in a world of hurt.

The financial services company Santander's subprime auto lending business is under investigation by Massachusetts Attorney General Martha Coakley's office over concerns it may have been engaged in predatory lending practices.

Faster lending, mobile app enhancements and seamless channel hopping are all priorities top bank tech executives have for the new year.

Visa and MasterCard halted services in Crimea after a new round of U.S. sanctions, according to multiple reports.

Jack Kopnisky of Sterling Bancorp in New York, which completed a major acquisition last year and has another in the works, is close to reaching his goal of creating a top earner. That effort, and the risks associated with it, make Kopnisky one of American Banker’s five community bankers to watch in 2015.

With Federal Deposit Insurance Corp. reserves erasing crisis-era losses, the agency is staring down a critical decision on how to implement a congressionally required increase in the insurance fund.

Sumitomo Mitsui Financial Group Inc.'s main lending arm agreed to buy Citigroup Inc. (C)'s Japanese consumer-banking business to expand services for wealthy individuals in the country.

A Canadian startup says it will enable customers to swap their holdings between gold bullion and bitcoins, and it plans an initial public offering next year.

Credit Suisse Group AG (CSGN) was ordered to face a lawsuit by New York's attorney general accusing the bank of fraud in sales of mortgage-backed securities before the recession.

A data broker operation sold the sensitive personal information of hundreds of thousands of consumers to scammers who allegedly debited millions from their accounts, the Federal Trade Commission charged in a complaint.

It is unclear if the wave of state actions signals a burgeoning state scrutiny of consumer finance companies or if state enforcers will only employ this new approach on occasion.

Leading financial services and tech execs say that in 2015, technology will change many things, from the way they hire personnel to the way they make loans to the way they package products. Upcoming projects — ranging from small to big — will improve the customer experience at a time when the lines between banks and technology companies continue to blur.

Federal regulators formally issued a final risk retention rule for mortgage securitizations, a long-awaited and hotly debated measure that is nevertheless expected to have little market impact when it takes effect a year from now.

Investors who backed Broadway Financial's 2013 recapitalization are cashing out.

On at least three occasions, Michael Daly flexed his bargaining muscles in discussions with Hampden Bancorp. His tenacity led to a privately negotiated deal, a reduced exchange ratio and an amended employment agreement with Hampden's chief lending officer.

Retailers will no longer be easy pickings for cybercriminals once chip-and-PIN technology is widely adopted. All well and good, but bankers fear hackers will redirect their energies to infiltrating banks.

A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.